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ALLIED WASTE INDUSTRIES ANNOUNCES PUBLIC OFFERING OF COMMON STOCK

 ALLIED WASTE INDUSTRIES ANNOUNCES PUBLIC OFFERING OF COMMON STOCK
 HOUSTON, June 16 /PRNewswire/ -- Allied Waste Industries, Inc. (NASDAQ: AWIN) announced that it has filed a registration statement relating to a public offering of 3,500,000 shares of the company's common stock. Of the shares of common stock being offered, 3,200,000 shares are being offered by the company, 300,000 shares are being offered by the selling shareholders. The managing underwriters for the offering are Rauscher Pierce Refsnes, Inc. and Morgan Keegan & Company, Inc. The company also announced that it intends to grant the underwriters an option to purchase up to an additional 525,000 shares to cover over-allotments. Roger A. Ramsey, Allied's chairman, indicated that the proceeds of the offering are to be used to complete pending acquisitions, to reduce indebtedness and for general corporate purposes.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there by any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state. A copy of the prospectus may be obtained from Rauscher Pierce Refsnes, Inc. or Morgan Keegan & Company, Inc.
 Allied Waste Industries, Inc., headquartered in Houston, Texas, provides non-hazardous waste collection, recycling, transfer and disposal services principally in rural and suburban areas in the midwestern and southwestern United States.
 -0- 6/16/92
 /CONTACT: David M.K. Ruth of Allied Waste Industries, Inc., 713-664-1888/
 (AWIN) CO: Allied Waste Industries, Inc. ST: Texas IN: SU: OFR


TQ -- NY063 -- 0725 06/16/92 13:57 EDT
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Publication:PR Newswire
Date:Jun 16, 1992
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